The Association of Finance Brokers (AFB) has recently called on the Government to introduce regulation for the secured loan industry.
Under current legislation, anybody who applies for a mortgage or first charge homeowner loan has the piece of mind in knowing that the company or lender giving the advice is authorised and regulated by the Financial [...]
Another lender has announced its decision to withdraw from the secured loan and second charge mortgage market this week, adding to the long list of lending organisations which have already made similar decisions.
GE Money Home Lending (GEMHL) has reduced its exposure in the loan broker and intermediary markets by announcing that it intends to stop [...]
Over the course of the past six months or so, it has become increasingly difficult for a potential borrower to obtain the personal loan they require, as the number of loan providers is diminishing all the time, limiting the choice of products.
As a result of this, many people are now turning to personal loan brokers [...]
Anybody who applies for a mortgage or homeowner loan has the peace of mind in knowing that the product they are applying for and the company who are supplying it are both regulated under the Financial Services Authority (FSA), thereby ensuring that the company and the loan adhere to a strict set of rules and [...]
We are all painfully aware of just how much new secured loan applications suffered over the course of last year following the impact of the effects of the credit crunch.
The major high street banks and building societies severely restricted their lending criteria, due to suffering problems with their own liquidity and it has become much [...]
As the effects of the credit crunch and the economic down turn have continued and become deeper over the past few months, the government has today (Monday 19th Jan) announced a range of measures to help support the economy as a whole and particularly to help banks and building societies restore the liquidity they require [...]
You may have read last month how the Government are planning to introduce a rescue scheme for those individuals who are struggling to keep up with their repayments on their mortgage or secured loan and may be facing repossession.
The scheme, which has been piloted amongst 80 local councils throughout December last year is today being [...]
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